Thursday, March 01, 2007

Pawned! Prince George's County Council Stalls Pawn Businesses!

As long as there's a a fringe economy, there will always be pawn shops.
This week, County Councilman Eric Olson (D-Dist. 3) of College Park introduced a bill, backed by five other members, that would freeze the number of pawnshops in the county. Olson said there are 31 shops now, but 38 licenses are available. He wants to cut the number of licenses down to 31. His bill would also prohibit any new pawnshops from replacing those that go out of business, leading to an eventual downturn in the total number of local pawnshops.
Like I said above, as long there is a fringe economy, there will be businesses like pawn shops. The best way to take away the demand is to reinstate welfare polices that get them back on their feet not with slave-wage jobs, but with job training, and public service jobs that will pay them living wage.

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